as per my knowledge i have read that Bitcoin halvic is their within few days and their will be impact in the market as the production of bitcoin will become 50% less. so for that market is reacting that their may be shortage of supply so the demand may increase
It's not due to halving but due to the Chinese investors. If you go through this article, you can check the reasons they have stated: http://www.newsbtc.com/2016/02/15/bitcoin-price-technical-analysis-for-15022016-heading-for-larger-triangle-top
It's also predicted that this is only a short term rise and we may reach $465 and then $300 soon. I don't think it would happen.
I think the price will not reach $300 again, unless Core team rejects the block size increase in two weeks.
The $300 is the cost of some miners in the next few months due to the difficulty rise. So it is a bottom.
I have the impression that $300 is part of history now. The price did not breach $300 in the last few attemps.
For now $300 is not part of the question anymore unless we get another round of drama that makes the price tank deep. The target price currently is the $500 level. Everything below $400 will surely make a lot people sad.
